http://www.sap.com/solution/lob/finance.html - Powered by native, in-memory technology and equipped with data-driven insights into operations across the enterprise, the finance function is extending its role as a driver of business strategy, execution, and transformation.

1. © Oxford Economics 2014 – all rights reserved1 Industry Week 2 Enterprise CIO Forum 3,4 Accenture 5 Informatica 6 Accenture
But there is much work
to be done…
…requiring increased investment and new skills.
“We took a deliberate decision to move business intelligence from IT and
put it in finance. The quality of information we can now deliver to our
board of directors has increased tremendously.”
Anders Reinhardt, global head of business intelligence at Danish manufacturer Velux
The Internet of Things and
other emerging frameworks are
producing huge volumes of data
for manufacturing firms, requiring
finance to adapt to this new role.
Powered by native, in-memory technology and equipped with data-driven insights into operations across the enterprise, the finance function is
extending its role as a driver of business strategy, execution, and transformation. The journey from Big Data to real-time finance is underway.
Technology makes finance a strategic partner
51%
of CFOs say that
collecting, storing, and
retreiving financial data at their
company is performed through
a manual or spreadsheet-
based exercise.5
54%
of finance executives
say they only have half of
the information available
needed to monitor
performance.6
of executives say the traditional
job of financial reporting is the
greatest value added by CFOs.1
40% 91%
of executives want to
see improvements in
the quality of financial
and performance
insight obtained from
the data they produce.2
55%
of finance executives
expect at least a 25%
increase in their Big
Data and analytics
investments over the
next two years.3
4%
of CFOs say they
have fully deployed
Big Data and
enterprise analytics.4
With the right tools, the finance
department can help companies
navigate an increasingly global,
complex business environment.
The role and value of finance is changing…